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- Bhoopalan replied Jul 12, 2013
Whatever be it. I just feel next week would be bullish on a whole for gold.
- Bhoopalan replied Jul 12, 2013
I see that. The trend has to reverse at any cost. It's just my opinion. I'm leaving the order open just depending on my MM and not on any technical or fundamental basis. I trade a very small portion of my account. So am just giving it a trial and ...
- Bhoopalan replied Jul 12, 2013
Bought smallest lot of gold. SL at 100 pips. Planning to let it run through weeks. I believe this may be the beginning of an uptrend for a long time. May be just an Indian instinct
- Bhoopalan replied Jul 10, 2013
Come on Saab. You can't help those who don't even 'want' to listen to what you say. Just because I support you, it doesn't mean I will follow your path. I don't trade your style. Cuz I ain't seasoned trader. I would follow your style once I've ...
- Bhoopalan replied Jul 10, 2013
@ Clocktrader, if I were you and am following my strategy in disciplined manner and making profit for a long time, I'll not even consider proving me correct to the newbies.
- Bhoopalan replied Jul 10, 2013
Never mind them. Many don't even know what Indian festivals are and that are the only 'Never go wrong' fundamental indicators for gold. Experienced Indian commodity and gold investors always have that edge.
- Bhoopalan replied Jul 9, 2013
Correct strategy can have different meaning. Have you come across the popular thread, "Day trading / scalping with high leverage"? I follow such style. Since my leverage is high, I just can't leave any SL at such a long distance is what I meant. I ...
- Bhoopalan replied Jul 8, 2013
As you said, such an SL can be afforded only by seasoned trader. Not day trader. I'm happy I had pretty good profit. But Certainly missed much more if there is no turning back for god.
- Bhoopalan replied Jul 8, 2013
Going pretty great!
- Bhoopalan replied Jul 8, 2013
Set a pending long order at 1235.100. Anybody expect it to come. it'll expire in 2 hours.
- Bhoopalan replied Jul 8, 2013
Trailing profit was at 1235.200 which was hit couple of hours ago. it is now at 1238. am not sure if it is still good to enter the market.
- Bhoopalan replied Jul 8, 2013
I believe the next hour is going to ruin my profit a little. fingers crossed.
- Bhoopalan replied Jul 8, 2013
Am almost convinced with you right now. But my indicators now only show buy signal in 4 hour chart. So could there still be an uptrend or is that a fake signal?? You know, am just technical as much as any newbie would be. I admit that. Pretty much ...
- Bhoopalan replied Jul 8, 2013
Your knowledge is much respected. I'm just going to wait a little longer though.
- Bhoopalan replied Jul 8, 2013
Well said! I must learn this attitude I believe.
- Bhoopalan replied Jul 8, 2013
I trade in live account and I still don't set stoploss. May be it is because I'm still new. May be I have to learn it the hard way as others. But I always have a stop loss set in mind and act accordingly. It is not that I never have a sl. I just ...
- Bhoopalan replied Jul 8, 2013
I second that. I set sl and tp only in mind until I'm closely watching.
- Bhoopalan replied Jul 8, 2013
Yes, I see it's still in downtrend in daily or 4 hourly basis. I never zoom in this much to take a decision. I only zoom in this much only when I want some accurate pip calculation or something. I know I'm counter trending. My last two trade that ...
- Bhoopalan replied Jul 8, 2013
Hey may be it's trend reversing. I believe it is in uptrend be careful. But I'm newbie. Not sure about you. Good luck.
- Bhoopalan replied Jul 8, 2013
Gold seems to reverse pretty good. All indicators I use say that only. It is not often that all my indicators point equally. As you can see in the image below, fib 61.8 (1235.76) was almost last hour's high and this hour also it is going strongly ...